{"id":337168,"date":"2026-06-15T16:17:10","date_gmt":"2026-06-15T16:17:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/337168\/"},"modified":"2026-06-15T16:17:10","modified_gmt":"2026-06-15T16:17:10","slug":"testing-trust-judge-freezes-joshua-allens-assets-in-alleged-ponzi-scheme-case","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/337168\/","title":{"rendered":"Testing Trust: Judge Freezes Joshua Allen\u2019s Assets in Alleged Ponzi Scheme Case"},"content":{"rendered":"

LUBBOCK, Texas (KCBD) – A Bexar County judge has granted a temporary injunction locking down assets and dozens of companies tied to Lubbock businessman Joshua Allen \u2014 a new legal step in an going case involving Lubbock investors who say Allen defrauded them<\/a>.<\/p>\n

The order, signed June 12, 2026, by Judge Norma Gonzales of the 131st Judicial District Court in Bexar County, blocks Allen, his company Allen Financial Agency, and Landzacha Holdings from selling, transferring, or otherwise moving any assets while the case moves toward trial.<\/p>\n

The injunction is a response to the Court-appointed receiver\u2019s request filed on May 29, 2026, which KCBD reported on as part of our ongoing Testing Trust<\/a> investigation.<\/p>\n

What the Court Found<\/p>\n

The court found Allen and his associated entities are \u201cprobably insolvent\u201d \u2014 meaning they likely cannot pay damages owed to investors without the frozen assets in place.<\/p>\n

Court-appointed receiver John Patrick Lowe, who oversees the affairs of Ferrum Capital LLC and Ferrum IV LLC, sought the injunction to protect what remains of the receivership estate.<\/p>\n

The court agreed, finding the receiver has a \u201cprobable right to recover relief\u201d and that without the freeze order, the estate would likely suffer \u201cimminent and irreparable injury.\u201d<\/p>\n

What\u2019s Frozen<\/p>\n

The injunction covers more than 35 companies and holdings tied to Allen \u2014 spanning real estate, property management, financial, and other business interests across Texas. Among the entities named:<\/p>\n

RaiderLand Property Management LLCHub City Land LLC7 Spur Ranch LLCHub City Cantina Ltd.Monarch Executive Protection Services LLCAnd dozens more<\/p>\n

Any real property owned or controlled by those companies is also covered under the order.<\/p>\n

Background<\/p>\n

The case stems from a lawsuit filed by Lubbock investors, including Judy A. Musgrove, who allege Allen misused their funds. KCBD\u2019s Testing Trust investigation has followed the case as a court-appointed receiver has worked to track down and recover assets on behalf of the victims.<\/p>\n

KCBD has reached out to Allen\u2019s attorney for comment. We will let you know if he responds. <\/p>\n

Previous Stories:<\/p>\n

Court receiver seeks emergency freeze of Lubbock man\u2019s assets in alleged Ponzi scheme<\/a><\/p>\n

Testing Trust: Criminal trial delayed for Lubbock businessmen Joshua Allen and Michael Cox<\/a><\/p>\n

Testing Trust: Joshua Allen, co-defendants ordered to pay back Walk-On\u2019s investors<\/a><\/p>\n

Testing Trust: Another family claims to have lost hundreds of thousands to Lubbock\u2019s Ferrum Capital<\/a><\/p>\n

Testing Trust: Suits accuse Lubbock financial advisors of operating Ponzi scheme<\/a><\/p>\n

Testing Trust: Many fear everything lost in alleged Ponzi scheme<\/a><\/p>\n

Testing Trust: KCBD obtains additional lawsuits filed against Lubbock financial advisors<\/a><\/p>\n

Testing Trust: Lawsuit claims alleged scheme \u2018identical\u2019 to program previously run by defendant<\/a><\/p>\n

Testing Trust: Lubbock financial advisor faces additional accusations in separate lawsuit<\/a><\/p>\n

This is a developing story. KCBD will continue to update as new information becomes available.<\/p>\n

Copyright 2026 KCBD. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"LUBBOCK, Texas (KCBD) – A Bexar County judge has granted a temporary injunction locking down assets and dozens…\n","protected":false},"author":2,"featured_media":337169,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[117924,698,117922,45833,120288,99430,25996,31067,319,25995,168,170,169,117923,117920,17983,120287,2128],"class_list":["post-337168","post","type-post","status-publish","format-standard","has-post-thumbnail","category-lubbock","tag-allen-financial-agency","tag-bexar-county","tag-brooklynn-chandler-willy","tag-capital","tag-ferrum","tag-injunction","tag-investigate","tag-josh-allen","tag-kcbd","tag-kidwell","tag-lubbock","tag-lubbock-headlines","tag-lubbock-news","tag-mike-cox","tag-ponzi","tag-shaley","tag-testing-trust","tag-trial"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/337168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=337168"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/337168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/337169"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=337168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=337168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=337168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}